Dear Trading Participants,
From 23 April 2018 on EEX will extend its Iron Ore offering with new options and further product enhancements.
Iron Ore Futures EEX will extend the numer of tradable maturities to 48 months from 36 months for trade registration. As before all Iron Ore 62% Fe Tianjin Futures1 can be traded via your preferred broker as Months, Quarters or Calendars and may be registered via Straight Through Processing at EEX, whereby Quarter and Calendar maturities will be automatically split into the corresponding monthly contracts, i.e. only the consecutive Months corresponding to the Quarter(s) or Year(s) entered for Trade Registration, respectively, will finally be booked into the respective position accounts at ECC.
Iron Ore Options
EEX will introduce monthly Iron Ore Options on its Iron Ore 62% Fe Tianjin Futures with up to 48 maturities for Trade Registration. The following table provides a short overview of the product specifications:
Please view the table with the information in the pdf attached.
Futures and Options can be registered between 8:00 am and 6:00 pm CET.
Preconditions for Participation Trading participants who were already admitted for the underlying Iron Ore Futures will automatically be approved for the Options on Iron Ore Futures. Trading participants who are interested in Iron Ore Futures and who have been registered for participation in EEX products, only have to submit an e-mail with their intention to memberreadiness@ecc.de. Non-Clearing Members may revoke the approval via e-mail to memberreadiness@ecc.de.
Additional Information More detailed information such as last registration dates, underlyings and fulfilment can be found in the contract specifications and contract details file:
- https://www.eex.com/en/trading/rules-and-regulations/regulated-market
- https://www.eex.com/en/trading/contract-details
- https://www.eex.com/en/trading/price-list
Please do not hesitate to contact us at +49 341 2156 222 if you have any further questions.
Yours sincerely,
Market Operations
European Energy Exchange AG
Phone: +49 341 2156 222
Mail: trading@eex.com
Reuters: trading@eex.com
www.eex.com
1 - The TSI Iron ore fines 62% Fe, CFR Tianjin Port (“PLATTS Index”) is a product of PLATTS, a Division of McGraw Hill Financial, Inc., and has been licensed for use by European Energy Exchange AG (the Exchange”). “Platts”, “TSI” and “The Steel Index” (the “PLATTS Marks”) are trademarks of PLATTS, its affiliates and/or its licensors and have been licensed for use by the Exchange. Iron Ore 62% Fe Tianjin Futures (“Exchange Contract”) is not sponsored, endorsed, sold or promoted by PLATTS or its affiliates or licensors. PLATTS, its affiliates and licensors make no representation or warranty, express or implied, regarding Exchange Contract or regarding the advisability of investing in securities or commodities generally or the ability of the PLATTS Index to track general market performance or commodity price movements, nor do they have any liability for any errors or omissions in, or interruptions of, the PLATTS Index or Exchange Contract.